The universities' money: no local foundations, by design

Indiana University Foundation 1936; Notre Dame and Saint Mary's hold their own

The survey: The institutions of higher learning in the Notre Dame section of this history are themselves among the largest nonprofits in Indiana, and — unlike the public schools — none of them keeps its charitable money in a separate local foundation. The University of Notre Dame (founded 1842) and Saint Mary's College (founded 1844) hold and invest their own endowments within the universities themselves; the Notre Dame endowment is large enough to dominate every aggregate count of the county's nonprofit wealth in the section's closing entries, and its scale is the single most important fact about the register numbers below. Indiana University South Bend's private giving is raised through a shared statewide corporation: the Indiana University Foundation, incorporated in 1936 at Bloomington and designated by the university's trustees as its fund-raising arm, which pools gift accounts — some 4,500 of them, by its own filings — for every IU campus including South Bend, and manages the university's endowment under contract. The arrangement is printed at survey size because that is what it is: the county's universities are nonprofits of the first rank, but their foundation work is institutional or statewide, not a South Bend civic corporation, and their institutional histories belong to the Education section.

Sources:

1. Indiana University Board of Trustees, resolution of 6 May 1983 (trustees.iu.edu) — "WHEREAS, the Indiana University Foundation was incorporated in 1936," designated the university's fund-raising arm.
2. Indiana University Foundation, Form 990, fiscal 2023 (IRS e-file) — year of formation 1936; some 4,500 gift accounts administered; the foundation's endowment-management role for all campuses.
3. the this history and Notre Dame institutional entries in this history — the University of Notre Dame's and Saint Mary's College's corporate form and endowments as the institutions' own; the register aggregates below are read against Notre Dame's scale expressly.